JATAX vs. VTCAX
JATAX (Janus Henderson Global Technology and Innovation Fund Class A) and VTCAX (Vanguard Communication Services Index Fund Admiral Shares) are both Technology Equities funds. Over the past 10 years, JATAX returned 21.83%/yr vs 7.65%/yr for VTCAX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. JATAX charges 1.00%/yr vs 0.10%/yr for VTCAX.
Performance
JATAX vs. VTCAX - Performance Comparison
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Returns By Period
In the year-to-date period, JATAX achieves a 18.17% return, which is significantly higher than VTCAX's -6.72% return. Over the past 10 years, JATAX has outperformed VTCAX with an annualized return of 21.83%, while VTCAX has yielded a comparatively lower 7.65% annualized return.
JATAX
- 1D
- 6.75%
- 1M
- -6.34%
- 6M
- 15.63%
- YTD
- 18.17%
- 1Y
- 27.19%
- 3Y*
- 28.16%
- 5Y*
- 13.71%
- 10Y*
- 21.83%
- ALL TIME*
- 19.65%
VTCAX
- 1D
- -2.70%
- 1M
- -4.25%
- 6M
- -9.43%
- YTD
- -6.72%
- 1Y
- 5.85%
- 3Y*
- 18.15%
- 5Y*
- 5.59%
- 10Y*
- 7.65%
- ALL TIME*
- 8.53%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
JATAX vs. VTCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 18.17% | 24.77% | 32.09% | 55.02% | -37.75% | 17.31% | 50.90% | 45.36% | 0.72% | 44.47% |
VTCAX Vanguard Communication Services Index Fund Admiral Shares | -6.72% | 26.28% | 33.10% | 44.73% | -38.78% | 14.09% | 28.95% | 28.03% | -16.51% | -5.57% |
Correlation
The correlation between JATAX and VTCAX is 0.42, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.42 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2009 | 0.71 |
Over the past year, the correlation between JATAX and VTCAX has dropped to 0.42 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
JATAX vs. VTCAX — Risk / Return Rank
JATAX
VTCAX
JATAX vs. VTCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Technology and Innovation Fund Class A (JATAX) and Vanguard Communication Services Index Fund Admiral Shares (VTCAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JATAX | VTCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.07 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 0.44 | +0.87 |
| Martin ratioReturn relative to average drawdown | 4.32 | 1.33 | +2.99 |
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Drawdowns
JATAX vs. VTCAX - Drawdown Comparison
The maximum JATAX drawdown since its inception was -46.55%, smaller than the maximum VTCAX drawdown of -57.11%. Use the drawdown chart below to compare losses from any high point for JATAX and VTCAX.
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Drawdown Indicators
| JATAX | VTCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.55% | -57.11% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | -18.55% | -13.56% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.96% | -21.19% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -46.55% | -46.58% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -46.55% | -46.58% | +0.03% |
Current DrawdownCurrent decline from peak | -13.05% | -9.89% | -3.16% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -11.85% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.62% | 4.44% | +1.18% |
Volatility
JATAX vs. VTCAX - Volatility Comparison
Janus Henderson Global Technology and Innovation Fund Class A (JATAX) has a higher volatility of 12.44% compared to Vanguard Communication Services Index Fund Admiral Shares (VTCAX) at 7.04%. This indicates that JATAX's price experiences larger fluctuations and is considered to be riskier than VTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JATAX | VTCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.44% | 7.04% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 23.70% | 13.58% | +10.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.96% | 17.02% | +9.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.50% | 21.48% | +6.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.09% | 21.11% | +3.98% |
JATAX vs. VTCAX - Expense Ratio Comparison
JATAX has a 1.00% expense ratio, which is higher than VTCAX's 0.10% expense ratio.
Dividends
JATAX vs. VTCAX - Dividend Comparison
JATAX's dividend yield for the trailing twelve months is around 12.03%, more than VTCAX's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JATAX Janus Henderson Global Technology and Innovation Fund Class A | 12.03% | 14.21% | 12.24% | 0.80% | 0.00% | 16.47% | 9.16% | 9.08% | 6.63% | 7.63% | 4.92% | 7.87% |
VTCAX Vanguard Communication Services Index Fund Admiral Shares | 1.09% | 0.95% | 1.06% | 1.04% | 0.88% | 1.20% | 0.73% | 0.89% | 2.77% | 3.84% | 2.68% | 3.55% |
Frequently Asked Questions
JATAX and VTCAX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
JATAX has higher volatility (12.44%) compared to VTCAX (7.04%). In terms of maximum drawdown, JATAX dropped -46.55% vs VTCAX's -57.11%.
JATAX currently has the higher Sharpe Ratio (0.90 vs 0.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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